An RBC Company. 2,216,761 $30,950, Volume Leader Shares % Market JMMBGL 1,084, % AMBL 201, % TCL 183, % Opening Price ($)

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1 Nominal % Year to Date % 30-Sep-16 7-Oct-16 Composite Index 1, , % 0.80% All T&T Index 1, , % -6.62% Cross Listed Index % 41.02% First Tier Market Volume 2,216,761 $30,950, Volume Leader Shares % Market JMMBGL 1,084, % AMBL 201, % TCL 183, % Week's Major Advances Opening Closing $ % JMMBGL $0.64 $0.73 $ % TCL $3.10 $3.49 $ % FCI $6.95 $7.65 $ % Week's Major Declines Opening Closing $ % MASSY $54.10 $ $ % GHL $12.75 $ $ % OCM $20.69 $ $ % TTD Mutual Fund Market Volume 134,096 $1,266, Security Shares CAYLP 20,000 $439, CIF 26,296 $594, PPMF 87,800 $232, Exchange Rate US$1=TT$ US$1=JMD$ EQUITY SUMMARY Trinidad and Tobago Market activity was up per cent this week with 2,216,761 shares traded on the First Tier Market compared to 1,519,361 shares traded in the prior week. Also, the value of shares traded surged per cent from $12,144, last week to $30,950, this week. The significant increase in the value of shares traded was mainly attributable to heavy trading in the shares of ANSA Merchant Bank Limited (AMBL), which saw 201,056 shares changing hands with a value of $8,044, The volume leader this week was JMMB Group Limited (JMMBGL) with per cent of the market or 1,084,318 shares traded. For the second week in a row all the Indices saw upward movements. The Composite Index rose by 1.28 per cent moving from 1, to close at 1, The All Trinidad and Tobago Index increased by 0.13 per cent

2 moving from 1, to 1, The Cross Listed Index jumped 5.61 per cent from to The advance to decline ratio ended the week 12 to 6. JMMBGL was the major advance for a second consecutive week, up per cent or $0.09 to close at its 52-week high of $0.73. Massy Holdings Limited (MASSY) was the major decline, down 3.88 per cent or $2.10 to close at $ There was no activity on the Second Tier Market this week. On the TTD Mutual Fund Market 26,296 CLICO Investment Fund (CIF) units traded with a value of $594, CIF s price fell 0.04 per cent or $0.01 to close at $ Additionally, 20,000 Calypso Macro Index Fund (CALYP) units traded with a value of $439, CALYP s price fell 0.05 per cent or $0.01 to close at $ Also, 87,800 Praetorian Property Mutual Fund (PPMF) crossed the floor with a value of $232, PPMF s price rose 1.92 per cent or $0.05 to close at $2.65. FIXED INCOME SUMMARY Trinidad and Tobago OMO maturities totaled $1, MM this week compared to $215MM last week. US The yield on 10-year notes closed the week at 1.72% while yields on 2-year notes ended the week at 0.84%. CARIBBEAN INDICATIVE BOND LEVELS COUNTRY MATURITY COUPON RATING BID LEVEL OFFER LEVEL OFFER YIELD Barbados 15/12/ % Caa1/B % 04/08/ % B % Trinidad and Tobago 01/07/ % Baa3/A % 16/01/ % Baa3/A % 04/08/ % Baa3/A % 17/05/ % Baa3/A % NGCTT 15/01/ % Baa3/BBB % Petrotrin 14/08/ % Ba3/BB % 08/05/ % Ba3/BB % Sagicor 11/08/ % B % Indicative Levels. Please contact for firm quotes. NEWSROOM Source: The Trinidad and Tobago Stock Exchange Limited October 6 Readymix (West Indies) Limited Appointment of Senior Officer The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from RML that regarding the appointment of Mr. Malcolm Sooknanan in the position of Acting Finance Manager and Company Secretary, they now wish to advise that Mr. Sooknanan has been confirmed in the position of Finance Manager, effective October 01st, 2016.

3 October 5 GraceKennedy Limited Listing of Shares 153,999 Ordinary Shares of GraceKennedy Limited were listed on the Stock Exchange on Wednesday 05th October 2016 and will become effective on Thursday 06th October 2016, thus increasing the Company s issued share capital to 994,886,892 Ordinary Shares. October 4 Delisting of Bond TT$280 Million Government of Trinidad and Tobago 6.20% This is to advise that the TT$280 Million bond issued by the Government of the Republic of Trinidad and Tobago with a coupon rate of 6.20% per annum and a maturity date of June 30th 2016 will be de-listed from the Stock Exchange effective October 05th October 3 Republic Financial Holdings Limited Appointment of Director Republic Financial Holdings Limited (RFHL) has announced the appointment of Mr. Robert Riley, to its Board of Directors, effective October 1, Mr. Riley, a Chaconia Medal (Gold) recipient is the Executive Director, of Robert Riley Leadership and Energy Consulting LLC. His professional career, which spans more than three decades, includes executive management and senior legal positions, such as; Group Head of Safety and Operation Risk, BP PLC (London); Chairman and CEO, BP Trinidad and Tobago and Business Unit Leader, just to name a few. An Attorney-at-Law, Mr. Riley holds a Consortium Executive MBA from the Thunderbird American Graduate School of International Management; a Bachelor of Laws (Hons.) from the University of the West Indies, Cave Hill Campus (Barbados); and BSc. (Hons.) in Agricultural Science from the University of the West Indies, St. Augustine. In 2003, he was awarded the Chaconia Medal (Gold) for Contribution to National Development and in 2009, he was awarded a Doctor of Laws Honoris Causa from the University of the West Indies, St. Augustine. Mr. Riley, has served as Chairman on the Board of Amoco Trinidad and Tobago LLC and other Amoco Entities. He also served as Executive Director, Titan Methanol; Executive Chairman, BP Trinidad and Tobago LLC; Executive Director, Atlantic LNG Boards; Executive Director, PowerGen; Director Bank of Nova Scotia T&T Limited; Founder/Director, University of Trinidad and Tobago; and Director of Caribbean Airlines Limited. He is currently a Director of Sequis LLC (Internet Software Company), and a Non-Executive Director of the Massy Holdings Limited. October 3 Unilever Caribbean Limited Appointment of New Members to Leadership Team Pursuant to Section 64(1)(b) of the Securities Act 2012 The public is hereby notified that Mr. Daniel Gonzalez, Greater Caribbean Planning Manager and Mr. Moonieram Maraj, Export Manager were both appointed to the Country Leadership Team with effect from 1st October, October 3 Prestige Holdings Limited Interim Dividend Notice 2016 Prestige Holdings Limited wishes to advise that at the Company s Board of Directors Meeting, held on September 28, 2016, it was resolved that the proposed Record Date for the determination of the shareholders, entitled to the payment of an Interim Dividend of sixteen cents (16 ) per share, was set for October 7, 2016, with the actual payment being made on October 20, October 3 Sagicor Financial Corporation Limited Notice of Standard & Poor's Global Rating On September 15, 2016, S&P Global Ratings placed its B issue-level rating on Sagicor Finance (2015) Limited s (SFL) $320 million seven-year senior unsecured notes on CreditWatch positive following Sagicor Financial Corporation Limited s (SFC) re-domiciliation to Bermuda from Barbados, and the proposed restructuring of Sagicor Life Inc. (SLI). S&P also placed the BB- issuer credit and financial strength ratings of SLI on CreditWatch developing.

4 The rating action followed the announcement by Sagicor that SFC had shifted its domicile from Barbados to Bermuda and had initiated its planned corporate reorganization. According to S&P Global Ratings, both factors could reduce SFC s exposure to a Barbados potential default, as the company was no longer based in that country. As a consequence, the Sovereign rating on Barbados (at that time B/Negative) would no longer impose a limit on Sagicor Finance (2015) Limited s rating. However, it would continue to influence the rating of SLI as it remained domiciled in Barbados. The rating of SLI was BB-, two notches above the Barbados Sovereign which was rated B. On September 27, 2016, following the September 23, 2016 downgrade of Barbados, S&P Global Ratings revised its CreditWatch on SLI from developing to negative; the rating remained at BB-. The revision recognized the fact that the current rating of SLI, which remains domiciled in Barbados, already reflected the maximum possible rating differential above the now B- sovereign rating of Barbados. S&P Global Ratings is completing its group support analysis as part of the CreditWatch status and a downgrade to the level of Barbados is possible under specific scenarios as stated in their report. S&P Global Ratings also confirmed that the B issue-level rating on Sagicor Finance (2015) Limited s $320 million seven-year senior unsecured notes was not affected by the September 23, 2016 downgrade of Barbados from B to B-. For details on the full S&P Global Ratings press release visit West Indies Stockbrokers Limited Member of the Trinidad and Tobago Stock Exchange Limited P.O. Box 259, St. Clair Place, 8 Sweet Briar Road, Port of Spain, Trinidad W.I. TEL: (868) 628-WISE (9473) FAX: (868) wiseinfo@wisett.com West Indies Stockbrokers Limited (WISE) is a subsidiary of RBC Financial (Caribbean) Limited. From time to time WISE and/or its staff may take positions in some or all of the securities mentioned in our report. WISE welcomes your comments. Please us at wiseinfo@wisett.com

5 YTD % West Indies Stockbrokers Ltd % St. Clair Place, 8 Sweet Briar Road Composite Index 1, % 0.80% Volume Traded 2,216,761 Port of Spain, Trinidad, W.I. All T&T Index 1, % -6.62% $ Traded $30,950, TEL: (868) Cross Listed Index % 41.02% Advance/Decline Ratio 12/6 FAX: (868) All data as at October 7, wiseinfo@wisett.com Security Symbol Fiscal Year End EPS Dividend Yield Trailing EPS Trailing P/E Banks FirstCaribbean International Bank Ltd FCI 31-Oct % % % First Citizens Bank Ltd FIRST 30-Sep % % % National Commercial Bank Jamaica Ltd NCBJ 30-Sep % % % Republic Financials Holdings Ltd RFHL 30-Sep % % % Scotiabank Trinidad & Tobago Ltd SBTT 31-Oct % % % Conglomerates ANSA McAL Ltd AMCL 31-Dec % % % GraceKennedy Ltd GKC 31-Dec % % % Massy Holdings Ltd MASSY 30-Sep % % % Current Book Market/ Book 52 Week High 52 Week Low Last Quote Price % Quote Dec 31, 2015 YTD % Energy Trinidad and Tobago NGL Limited NGL 31-Dec % % % Manufacturing Angostura Holdings Ltd AHL 31-Dec % % % Berger Paints Trinidad Ltd BER 31-Mar % N/A % % Guardian Media Ltd GML 31-Dec % % % National Flour Mills Ltd NFM 31-Dec % % % One Caribbean Media Ltd OCM 31-Dec % % % Readymix (West Indies) Ltd RML 31-Dec % N/A % % Trinidad Cement Ltd TCL 31-Dec % % % Unilever Caribbean Ltd UCL 31-Dec % % % West Indian Tobacco Company Ltd WCO 31-Dec % % % Non-Banking/Finance ANSA Merchant Bank Ltd AMBL 31-Dec % % % Guardian Holdings Ltd GHL 31-Dec % % % Jamaica Money Market Brokers Group Ltd JMMBGL 31-Mar % % % National Enterprises Limited NEL 31-Mar % % % Sagicor Financial Corporation SFC 31-Dec % % % Scotia Investments Jamaica Ltd SIJL 31-Oct % % % Property PLIPDECO PLD 31-Dec % % % Trading Agostini's AGL 30-Sep % % % LJ Williams A LJWA 31-Dec % N/A N/A % % LJ Williams B LJWB 31-Mar % % % Prestige Holdings PHL 30-Nov % % %